Analysis

Bretton Woods, Nixon, Gold Standard, FED and Fiat Money

0

President Richard Nixon ended the redeemability of dollars for gold and ushered in the fiat money era on Aug. 15, 1971, 50 Years ago. Lessons for Today From the Gold Standard. Though a return to the old system isn’t likely, the Fed’s management of the fiat dollar has been worse. Many economists look back on the occasion with delight, agreeing with John Maynard Keynes that the gold standard was “a barbarous relic.” Today nearly all economists believe the U.S. economy has performed better under fiat money than it would have with the gold standard. This conventional wisdom is wrong. The…

This content is for Classified Membership and LifeTime Patriot Membership members only.
Login Join Now
QNavy
QNavy is a pool a 3 former Navy Officers, U.S. Navy & French Navy, who served proudly their countries, specialized in conflict analysis as per their respective skills & experience on Special Ops. #NavyVetUnited

Shocking New Emails About Ashli Babbitt’s Death

Previous article

Israel: IDF Confirms Strikes on Targets in Lebanon in Response to Rocket Attacks

Next article

You may also like

Comments

Comments are closed.

More in Analysis